BlackRock Ranks as Second Largest Shareholder in Freedom Holding Corp.

NEW YORK, Aug. 31, 2025 /PRNewswire/ — Freedom Holding Corp. (NASDAQ: FRHC), the global financial services and technology firm, is turning heads on Wall Street as BlackRock, Inc., the world’s largest asset manager, has significantly upped its stake in the company. According to recent filings, BlackRock now holds 0.85% of Freedom Holding, an investment valued at approximately $89 million.

The move, Bloomberg data suggests, involved BlackRock acquiring an additional 443,965 shares, bringing their total holdings to 520,565 shares. This positions BlackRock as the second-largest shareholder, trailing only Freedom Holding’s founder and CEO, Timur Turlov.

BlackRock’s growing confidence in Freedom Holding is shared by other institutional investors, including State Street Corp., Grace Partners of DuPage L.P., and Geode Capital Management, signaling a broader recognition of the company’s potential.

“We are pleased to see increasing interest from leading global institutional investors,” stated Turlov. “The backing of partners like BlackRock validates the strength of our business model and Freedom Holding’s strategic value within the international financial landscape.”

BlackRock, founded in New York in 1988, boasts over $12.5 trillion in assets under management as of 2025. Renowned for its iShares ETFs and cutting-edge Aladdin technology platform, BlackRock’s investment in Freedom Holding adds a significant layer of institutional credibility to the financial services firm.

About Freedom Holding Corp.

Freedom Holding Corp. operates across 22 countries, including the United States, Cyprus, Poland, Spain, Uzbekistan, Armenia, and Kazakhstan, where it is actively developing a robust financial and digital ecosystem. This includes Freedom Bank, Freedom Broker, insurance entities Freedom Life and Freedom Insurance, and lifestyle services like Arbuz.kz, Freedom Ticketon, and Aviata. Freedom Holding Corp. is publicly traded on the U.S. NASDAQ, Kazakhstan Stock Exchange (KASE), and Astana International Exchange (AIX) under the ticker symbol FRHC. As a U.S. Securities and Exchange Commission (SEC) regulated entity, Freedom Holding adheres to stringent regulatory standards.